Sensex falls 100 pts, Nifty near 22,700; Cyient DLM shares hit 52-week high

The Nifty50 and the Sensex were moving in a narrow range as traders weighed inflation outlook amid rise in oil prices.

As of 10:00 AM, the Sensex rose 24.87 points or 0.03 per cent to 73,058.65 and the Nifty50 was flat at 22,724.45.

Shriram Finance, Bajaj Finance, and BSE were the top losers in the Nifty50 index.

In the broader markets, the Nifty MidCap and the Nifty SmallCap fell 0.27 per cent and 0.16 per cent, respectively.

Sector-wise, the Nifty PSU Bank declined the most, while the Nifty IT rose the most.

Q2 Results Today

Bajaj Consumer Care, Bharat Heavy Electricals (BHEL), Canara Bank, Ceat, Elecon Engineering Company, Emmvee Photovoltaic Power, Billionbrains Garage Ventures (Groww), HDB Financial Services, ICICI, Lombard General Insurance Company, Mangalore Refinery and Petrochemicals, Tata Technologies, Leela Palaces Hotels & Resorts will release their results on Wednesday.

IPO Today

Fusion CX and Ravita Engineering Services’ initial public offers (IPO) will open for subscription on Wednesday.

HD Fire Protect’s IPO will open for subscription for the second day. The company is seeking to raise ₹712.31 crore from the primary market.

Vaibhav Vyapaar IPO will enter the second day as the company aims to raise proceeds worth ₹42.10 crore.